Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholders' Matters and Issuer Purchases of Equity
Securities
Market Information
Our Class A Common Stock is listed on the NYSE under the symbol “RNGR.” As of February 28, 2026, there were approximately 92 stockholders of record of our Class A Common Stock. We have a significant number of beneficial stockholders or stockholders whose shares are held in “street name,” where such shares are held by a broker or other nominee, and therefore the actual number of stockholders is considerably greater than the number of stockholders of record.
For the year ended December 31, 2025, the Company paid quarterly cash dividends totaling $0.24 per share of Class A Common Stock, compared to $0.20 per share paid for the year ended December 31, 2024. The declaration of any future dividends is subject to the Board of Directors’ discretion and approval.
Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
We had no sales of unregistered equity securities during the period covered by this Annual Report that were not previously reported in a Current Report on Form 8-K or Quarterly Report on Form 10-Q.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table provides information with respect to Class A Common Stock purchases made by the Company during the three months ended December 31, 2025.
Period Total Number of Shares Repurchased
(1)
Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (3)
October 1, 2025 - October 31, 2025 979 $ 14.10 — 38,919,880
November 1, 2025 - November 30, 2025 — — — 38,919,880
December 1, 2025 - December 31, 2025 48,800 13.82 48,800 38,245,397
Total 49,779 $ 13.82 48,800 38,245,397
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(1) Total number of shares repurchased in the fourth quarter of 2025 consists of 979 shares of Class A Common Stock, at an average price paid per share of $14.10, withheld by the Company in satisfaction of withholding taxes due upon the vesting of restricted shares granted to our employees under the Ranger Energy Services, Inc. 2017 Long-Term Incentive Plan and 48,800 shares of Class A Common Stock, at an average price paid per share of $13.82, repurchased pursuant to the repurchase program authorized by the Board of Directors..
(2) For the three months ended December 31, 2025, 48,800 shares of Class A Common Stock were repurchased for a total of $0.7 million, net of tax. As of December 31, 2025, an aggregate of 4,320,200 shares of Class A Common Stock were purchased for a total of $47.1 million, net of tax since the inception of the repurchase plan announced on March 7, 2023.
(3) On March 7, 2023, our Board of Directors approved a share repurchase program allowing the Company to purchase Class A Common Stock held by non-affiliates, not to exceed $35.0 million in aggregate value. On March 4, 2024, the Company announced that its Board of Directors approved an additional share repurchase program authorization of $50.0 million, bringing the total share repurchase program authorization to $85.0 million in aggregate value. Share repurchases may take place in any transaction form as allowable by the SEC. Approval of the program by the Board of Directors of the Company is specific for 36 months allowing the Company to utilize the expanded $50 million of approved capacity through March 4, 2027. The program does not specify a maximum number of shares and may be accelerated, suspended or discontinued at any time without notice.
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Stock Performance Graph
The graph below presents a comparison of the cumulative total return on our Class A Common Stock, assuming $100 was invested on December 31, 2020, and that all dividends were reinvested at the closing prices of the dividend payment dates, in each of the Company’s Class A Common Stock, the NYSE Composite Index and a self-determined peer group, which includes RPC, Inc., ProPetro Holding Corp., Select Water Solutions, Inc., Oil States International, Inc., KLX Energy Services Holdings, Inc., Innovex International, Inc., Solaris Energy Infrastructure, Inc., Nine Energy Service, Inc., DMC Global, Inc., Core Laboratories, Inc., Drilling Tools International Corporation, Forum Energy Technologies, Inc., NPK International, Inc., Smart Sand, Inc., and Tetra Technologies, Inc.
The graph and related information should not be deemed “soliciting material” or to be “filed” with the SEC, nor should such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate such information by reference into such a filing. The graph and information are included for historical and comparative purposes only and should not be considered indicative of future stock performance.
Item 6. [Reserved]